End the Capital Gains Inflation Tax!

Under the status quo, Americans face tax penalties on investments that actually lost value after being adjusted for inflation. It's time to stop taxing capital gains as if they are actual gains. The law does not define "cost" for capital gains purposes, and courts have deferred to agencies to decide whether it means historical or inflation-adjusted.

Since this is a function of the Treasury, President Trump doesn't need to wait for Congress to act. He can eliminate this terrible tax with the stroke of a pen.